Competition Economist Chetan Sanghvi Joins Charles River Associates as a Vice President; Antitrust and Damages Expert Bolsters Firm's Litigation Consulting Capability.

BOSTON -- Charles River Associates Incorporated (NASDAQ: CRAI), an internationally known leader in providing economic, financial, and management consulting services, today announced that Chetan Sanghvi has joined CRA as a Vice President in the firm's Boston headquarters.

An expert in industrial organization and antitrust economics, Dr. Sanghvi also specializes in the economic analysis of liability and damages in commercial litigation. He frequently is called upon to provide expert economic and statistical testimony in antitrust cases, as well as matters involving alleged trademark and patent infringement, breach of contract, and Lanham Act violations. In addition, Dr. Sanghvi has evaluated the competitive impacts of numerous proposed corporate mergers in the United States, Canada, and Europe, regularly presenting his findings to state, federal, and international antitrust law enforcement authorities.

Before joining CRA, Dr. Sanghvi served as an economist within the Federal Trade Commission's Bureau of Economics, where he analyzed mergers and acquisitions and other antitrust issues. He was also an adjunct associate professor of economics at New York University, where he taught microeconomic theory to graduate students. In the past, Dr. Sanghvi has taught industrial organization, antitrust policy, and game theory at Johns Hopkins and Rutgers universities and at Trinity College (Hartford). He also served as a managing principal at Analysis Group and, earlier, as a senior consultant at National Economic Research Associates. Dr. Sanghvi received his Ph.D. in Economics from Rutgers University.

In announcing this appointment, James C. Burrows, President and CEO of Charles River Associates, said, "Chetan Sanghvi is a skilled economist and statistician who brings a wealth of practical experience in the analysis of competition and damages to CRA's growing Competition Practice. Dr. Sanghvi's experience as a senior economist, antitrust practitioner, and respected academic will further deepen our firm's collective consulting expertise. We are pleased to welcome Dr. Sanghvi to CRA's growing community of professionals."

About CRA

Founded in 1965, Charles River Associates is an economics, finance, and business consulting firm that works with businesses, law firms, accounting firms, and governments in providing a wide range of services. CRA combines economic and financial analysis with expertise in litigation and regulatory support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management. The firm is distinguished by a corporate philosophy of providing responsive, top-quality consulting; an interdisciplinary team approach; unsurpassed economic, financial, and other analytic skills; and pragmatic business insights. In addition to its corporate headquarters in Boston and international offices in Brussels, Canberra, Dubai, London, Melbourne, Mexico City, Sydney, Toronto, and Wellington, CRA also has U.S. offices in Cambridge, Chicago, College Station, Houston, New York, Oakland, Pasadena, Philadelphia, Salt Lake City, Silicon Valley, and Washington, D.C. Detailed information about CRA can be found at www.crai.com.

Statements in this press release concerning the affiliation of Dr. Chetan Sanghvi with Charles River Associates may be considered "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain, and actual performance and results may differ materially. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, acquisition costs, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, intense competition, and professional liability. Further information on factors that could affect CRA's financial results is included in the Company's filings with the Securities and Exchange Commission.